MNB 2.22% 4.4¢ minbos resources limited

Hi Chuk, have a trading question. I was at the top of .115 all...

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  1. 177 Posts.
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    Hi Chuk, have a trading question. I was at the top of .115 all day Friday as it traded between .115 and .12. Only picked up 50,000 of the 217,000 shares I was after before it jumped late in the day. There were a significant number of trades at .117 and .118. Given that you cant trade on the ASX at those levels, are these crosses between brokers that are essentially off-market at an agreed price. Keen to understand if you know this. I will need to chase higher - I don't think I have ever seen such value in a stock. I was happy to pick up my first million shares at .135 cents, and so buying the next 500K at .11 was incredible and will keep chasing it until at least .125. I find it interesting people are worried about the short-term share price. I am buying it for the dividends - I think it will be returning at least 10 cents per share dividend within three years even accounting for the need to reinvest the fertilizer profits in the green ammonia project.
 
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